Global Partners to fund terminal acquisition with revolver borrowings

By Tali Rackner

Norfolk, Va., Jan. 20 – Global Partners LP plans to use available capacity under its revolving credit facility to finance its acquisition of a terminal in Boston Harbor from Global Petroleum Corp., according to a press release.

The total purchase price will be $23.65 million, subject to customary post-closing adjustments.

Based in Waltham, Mass., Global Partners is a wholesale distributor of distillates, gasoline and residual oil.

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